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Vermont Community Loan Fund

15 State Street
P.O. Box 827
Montpelier, VT 05602
USA

Contact: Natallie Keiser, Chief of Staff
Phone: 802-223-1448
Fax: 802-223-1455
URL: www.vclf.org
Email: jake@vclf.org
Vermont Community Loan Fund

Vermont Community Loan Fund (VCLF) is a nonprofit, mission-driven financial institution that transforms lower-income Vermonters' lives through access to capital. We offer our investors a safe, stable opportunity to direct a portion of their portfolio towards community development, putting that capital to work in the development of local businesses, affordable housing, childcare & other community-based organizations.

Program



Client Population

Founded to drive community and economic development, VCLF is also committed to social change and economic empowerment. We have always supported Vermonters with worthy ideas and ideals, but lacking access to the capital that can bring them to life: 88% of our borrowers have a household income at or below 80% of area median income. 84% of VCLF's borrowers come from rural communities; around 50% are women. Among others, we work with home-based childcare providers, local business owners, family farmers, mobile home-owners, community-based organizations and nonprofit housing developers, providing the capital, technical assistance, and other support that ensure their success.

Impact

VCLF has provided almost $55 million in financing, creating or retaining jobs for 1,700 Vermonters, 2,700 safe, affordable homes for families, seniors and individuals, and 1,700 desperately needed childcare slots. We've enjoyed very significant growth in the last decade: our total assets have grown 408%, at an annualized growth rate of 20%, and our lending volume has increased a staggering 520%, at a 23% annualized growth rate. In 2008 we closed 44 loans totaling over $3.5 million, demonstrating strong financial performance and steady growth even in a challenging economic climate.

Story

Vermont Community Loan Fund
Thanks to the Vermont Community Loan Fund, Christine Tullgren has opened a different kind of child care facility in rural Vermont. While the North Thetford center still provides high quality and safe care for children from ages six weeks to six years, Christine’s center has received a unique certification for providing a physically healthy environment. Full Story

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